The Victorian government has raised almost $1 billion from the auction of poker machine licences and most of the money has been earmarked for health, with the remainder funding bushfire initiatives. The auction for the 10-year licences ended on Monday and breaks the current duopoly.
Legal Issues
VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
